Skip to main content

About your Search

20090801
20090831
STATION
CNBC 20
LANGUAGE
English 20
Search Results 0 to 19 of about 20
CNBC
Aug 19, 2009 4:00am EDT
is the biotech company up by around 2% and that's after analysts at bank of america and merrill lynch upgraded that stock to overweight from underweight and increased the company's price starting. we are watching ubs. that stock is lower, in line with the rest of the financials here in zurich. we are expecting the deal with the u.s. to be signed in washington later on today. that's when we may get some more details out on the settlement and sales including how many client names will be handed over to the u.s. authorities. there's a possibility of when the swiss government will sell its stake in ubs. ubs authorities have said they're preparing criminal investigations into 150 ubs clients in the u.s. and the wall street journal is reporting that up to 10 swiss and european banks among them. chris swiss and julius bear were identified in the ubs tax probe. that's after ubs clients in the u.s. have come forward and disclosed their ubs accounts, also other foreign accounts and they have said that they're with either credit suisse or other banks. but that doesn't necessarily mean that those banks wi
CNBC
Aug 13, 2009 4:00am EDT
of the recession is near. bank of america right now up about 44 points above fair value. nasdaq futures up about 9 and s&p futures up about 5.5. taking a look at bonds this morning, bonds yesterday rallying on the back of that fed news. taking a look at the ten-year bund. doesn't look like that was going to come up, at least -- all right. we'll give it a little time. and the yield here is moving to 3.48% on the back of some of that german gdp data. and taking a look at the ten-year note here, the ten-year auction did not go well. some of that could be written off to people waiting to hear what the fed has to say. the fed said it is going to extend quantitative easing, but only for a month. gold is up about 0.6%. >> germany and france are out of the recession. the two economies unexpectedly returned to growth in the second quarter. german gdp grew for the first time since early 2008. up 0.3% from the previous month. that compared with contraction as much as 0.3%. even the country's finance minister said the figures are very surprising. what are investors to make of this news? joining us is manford
CNBC
Aug 10, 2009 4:00am EDT
agree on how quickly data should be transferred to america. a judge decided the two parties can continue negotiations until wednesday, at which point he plans to hold the next stat uus call. a trial tentively set for august 17th. >>> microsoft dished advertising firm razor fish. they beat off rivals to secure the field. this will help boost its shares of advising on the web. around 55% of the purchasing price will be settleed in cash with the rest in treasury shares. >> ross, in japan, data this morning showed call machinery orders surged 9.7% in june, upper passing expectations for a 2.9% gain. but japanese manufacturers expect orders to fall in three months to september from the previous quarter. they suggest that companies are still wary of expanding their production capacity. meanwhile, the bank of japan kicked off its two-day monetary meeting.g. they are expected to keep rates at 0.1% tomorrow. the dollar-yen is down 0.37%. >>> china has accused rio tipto of spying, resulting in local steelmakers being overcharged $1.2 billion of iron ore. according to chinese officials, it related
CNBC
Aug 11, 2009 4:00am EDT
in a week, a federal judge is refusing to sign off on bank of america's settlement with the s.e.c. b of a has agreed to pay $33 million to resolve charges it failed to tell investors about merrill lynch's plans to pay billions in investments. the judge says he has misgivings about that settlement. he wants more information about who is responsible for the alleged wrongdoing, the basis for the settlement and whether further court hearings may be needed. bank of america shares are trading up just over 1.3% to $11.89. and if you want to know more about what's going on in today's news, be sure to check out videos and blogs. if you missed anything at the top of the hour, it will be there at cnbc.com. while you're there, drop us a note at worldwide@cnbc.com. >>> testing with u.s. bond investors, we'll assess demand for notes. china's industrialout put has jumped less than expected in july. so has beijing's 8% growth still within reach? global stocks could be face ago hefty correction. could he be right? >>> let's take a look at where we are on our global equity markets. good to see you. th
CNBC
Aug 6, 2009 4:00am EDT
and that business is growing. those markets are growing. the americas for our business is still growing and europe needs to be a top environment. >> we know you want more. we'll bring you a lot more from paul polman within the next 30 minutes or so. christine. >> louisa, lenovo swing to a first quarter demand and falling prices. it lost $16 million down from $110 million in net profit a year ago. revenues slumped 18% to $3.5 billion. the company says the pc market remains cautious. lenovo says it is considering listing in china, but no timetable has been set. el and still in china, an influential government think tank predicted that the domestic me may grow about 8% this year. the staim state information center says china remained a key driver. the report added cpi should begin rising by year-end. china central bank said it would fine tune its policies as needed but will maintain its loose monetary policy for now. bertha. >> christine, fiscal fourth quarter profits if you will fell 46% as companies are still cutting back on i.t. spending. results did manage to beat forecasts. that is roughly in li
CNBC
Aug 24, 2009 4:00am EDT
in north america. the england team regained the ashes, beating australia. australia's batting order fell apart. the final wick et taken. a momentous win for the english team. they regained it in 2005 after a 16-year dry spell only to hand it back in 2007. england managed to win this series by 2-1. courtney, this is the game where you can play for five days and still have a draw, which i know is an anathema to anybody in america. >> definitely different but congratulations to england all the same. i understand it's a big win. good for them. >>> in the united states, proctor and gamble is selling its prescription drug business for $3 billion. reports say an announcement could come later today. the drug unit generates $2 billion in annual sales. among its products, a post menopausal osteoporosis. it will reportedly be the largest involving a leveraged loan this year. let's check on p&g shares in frankfurt. up 1% there for proctor and gamble. good news there. dow jones has been sounding out potential buyers. the "wall street journal" reports the process is in the early stages and could lead
CNBC
Aug 26, 2009 4:00am EDT
. goldman sachs, bank of america, and we have a pretty large position in the retail sector, home depot, and target. you know, i expect that the financials will continue to get better as the financial system continues to get better. you know, they've go the come a long way, but you know, they have moved from a -- from a evaluation that indicates crisis to a more normal valuation and it seems to me as the system, you know, becomes healed, that they should trade back to old valuation measures and that would suggest that the financials still have plenty of room to go. >> bernie mcginn, chief investment officer of mcginn, mckeen and o'neal, thanks again. and lotar, thank you, as well, for being our guest host this hour. still to come on "worldwide exchange," how banks are changing their contracts to the powers of the u.s. pay czar. >>> all right. so now here is a look at the futures here in the united states. as you can see, the s&p 500 looks like it's going to have a flat, maybe slightly lower open, but the dow and the nasdaq, the nasdaq just barely above water. the dow looks like it could
CNBC
Aug 31, 2009 4:00am EDT
. and 1300 are secretly checking email... - on a vacation. - hmm? ( groans ) that's happening now. america's most dependable 3g network. bringing you the first and only wireless 4g network. sprint. the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. (announcer) we understand. you need to save money. >>> hello, welcome back, you're still watching "worldwide exchange" on cnbc. on to our global market round-up.sylvia, and we've also got ana in singapore. let's kick off with you, sylvia, and what we are looking at in germany today in the aftermath of these regional elections. >> yes, we certainly have the elections to digest, that added to the general sense of profit-taking consolidation. but let's make no two words about this. this was really the chinese slump that hit us first and foremost. and over the weekend before the weekend we had an inkling we were starting to take money off the table again. and the outcome of this weekend's elections here in germany with heavy losses for both the big parties, but mainly for cdu for the christian demo
CNBC
Aug 3, 2009 4:00am EDT
... - on a vacation. - hmm? ( groans ) that's happening now. america's most dependable 3g network. bringing you the first and only wireless 4g network. sprint. the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. >>> hello there. i'm chloe cho. in asia, the global bank posting a profit of $500 million. >> in europe, investors shrugging off lower than expected earnings at barclays after bad debted nearly double.. >> i'm bertha coombs.. in the u.s., the white house not ruling out tax increases. hello if you're just joining us in the u.s., welcome to the start of your global day with "worldwide exchange" brought to you live from the europe, asia and the u.s. a ton of economic data in the earnings parade continues with three dow components on tap. proctor and gamble and kraft and cisco.o. we had great data out of china and encouraging data out of the euro zone as well. dow futures are up about 73 points above fair value. nasdaq futures are well ahead, as are the s&p, the nasdaq and the s&p having put in a five-month winning streak. the dow up 4 of t
CNBC
Aug 27, 2009 4:00am EDT
. chrysler had planned to sell a nissan made small car in north america and europe by next year. nissan would have had a chrysler truck model in its lineup. >> plenty of auto news in europe here, as well, christine. car demand will fall better than expected in the second half of the year. the comments coming after data shows renault and pageo citron increased protection, but it's said 2010 won't be a year of growth. >>> the gfk consumer septemberment survey was up to a three-month high. consumer prices fell in july for the first tooichs time since german ee unification in 1990. >> and massachusetts top securities regulator wants more information from goldman sachs about the company's weekly trader tips meetings. secretary of state william gal vin says he's concerned the firm may be given preferential treatment. in 2003, gal vin helped negotiate a settlement with ten wall street banks. they were concerned at the time for winning investment banking business. in frankfurt, goldman shares right now are down 0.735%. and general elect has put its security business up for sale. jpmorgan has been hir
CNBC
Aug 28, 2009 4:00am EDT
consumption. the business in asia why and latin america is still pretty strong. investors have been giving a thumbs up to l' oreal this morning. the beauty product group beat analyst forecasts in the first half. it did fall more than %, but they were hit by drastic destocking by distributors. l' oreal says the worst is now over and rel revenue will improve for the rest of the year. it says it's ready to make some strategic acquisitions. >> roll, here in asia, the spotlight is on japan ahead of the elections this weekend. now, the struggling economy is a key issue for voters. fresh data out of japan today show deflation continues to dog the world's second biggest economy and no relief for job seekers unemployment rate hitting a record high last month. still in japan, toyota says it will shut down a plant it has held in california for 25 years. the news comes a few days after toyota said it is shutting down a production line in japan. toyota and other carmakers have been scaling back capacity in recent weeks to match a slowdown in sales. >>> and elsewhere, another deal in the resource space
CNBC
Aug 12, 2009 4:00am EDT
seems to be picking up for places like north america as well as japan. but they say they're not sure if that's because of real demand or restocking. they did say restocking in china is pretty much complete. we could see some number of upgrades on this. now, the key or the question mark is the cash flow because they had record net operating cash flow about $19 billion. what they're going to do with that, the company said they're currently looking at nonorganic growth opportunities. now back to bertha in the u.s. >> thanks very much, saijal. here and around the world, folks will be waiting for that statement from the fed, the announcement due, as it always is, at a quarter past 2:00 new york time. we get june trade deficit numbers out at 8:30 new york time. then at 2:00, the monthly federal budget statement will be released just ahead of the fomc and department store giant macy's reports results of the ohming bell along with liz clay born and sara lee which makes products that range from ballpark hot dogs to kiwi shoe polish. but i just like their sweets. toll brothers reports results
CNBC
Aug 14, 2009 4:00am EDT
of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. >>> welcome back to cnbc's "worldwide exchange." here are some of the top stories we're watching from around the world. top u.s. media companies have teamed up to challenge nielson in the tv ratings game. the financial times says the group includes nbc universal, which is part of the company that cnbc is part of, viacom, warner, as well as two of the nation's biggest advertisers proctor & gamble and at&t. they plan to award contracts to media viewers by early september. that's the traditional start of the fall viewing soap in the u.s. >>> 2008 was a very good ceo for blackstone's ceo, steven schwarzman. he earned $702 million last year. the vast bulk of that came from the vesting of equity grantsdz he received when public in 200 it also paid off to be in the seven of the top ten highest paid ceos run an oil or n
CNBC
Aug 21, 2009 4:00am EDT
for the next -- you know, in next time. and america is still in the leading position. they are taking very much care of the currency. there is not going too strong. but that is the game to play. i mean, america, of course they don't like to have a very strong dollar, but i tell you, if you ask the politicians, they don't like a strong euro, either. but the central banks probably agree to each other is that they don't want to have any big currency flows at all. they would like to have in this environment, which is still a little bit of stress. you know, the big stress was just short behind and they want to see stability. they want to have big volatility in the currency market at all and they are actually happy about it happening. that's probably the perfect scenario. the dollar is a little weaker. they like that. stock market is going up. it looks all okay. >> felix, thanks for coming up and speaking to us today. >>> coming up in which in the next hour of "worldwide exchange," euro zone pmi kicks higher in august. but this system leaves results stocking. >> plus, he's done it again. smashing his
CNBC
Aug 4, 2009 4:00am EDT
underestimate the structural profitability of corporate america. are we using the wrong measures to value our companies at the moment? this is important at this stage of the cycle. >> i think so we are. i mean, what you should look at, what is reported most commonly in the media is price earnings where they have sort of drawn and deducted the companies that post negative earnings. but if you look at real earnings and what's priced in there, the s&p 500 is trading around 200 for the p. so the point is what i think we should look at is other numbers namely realized earnings and they are a bit more negative than the sort of headline earnings, those who are based on operating income. and that gives a difference in the way you look at the long-term profits. but that said, we also see that the pick up in demand that is priced into equities right now is a bit overoptimistic, actually been if you look at what's pricing, sales of search over the next six months should go and listen in the u.s. higher by around 22% in order to justify what's currently priced into equities. and we have difficulty seize
CNBC
Aug 7, 2009 4:00am EDT
that the analysts were looking for and didn't get. this is why allianz is trading down about 2.3%. bank of america merrill lynch did reiterate their buy stock on that company still the market is taking it lower. commerzbank, about 2.3% for that company. deutsche telekom, up about 2.3%. commerzbank upgraded the stock today. we heard the numbers coming through yesterday. some said it was a bit of a mixed picture. others say it was more stable. tomorrow we get -- strangely enough, on a saturday, we get real data coming through on the greek division, otce, that might give us a bit more clarity when it comes to future trade. but in terms of volume, slightly lower. adam. >> thank you, patricia. in north asia, we saw some resilience out of japan and south korea. take a look at the major indices. once again, we saw significant leadership out of the chip plays in japan. elpida memory was one of the strongest performers as dram chip prices saw very strong exchanges in taiwan. meanwhile, the latest to tell you about, the latest coming from toray industries. they cut their loss estimates to 5 billion yen from
CNBC
Aug 17, 2009 4:00am EDT
checking email... - on a vacation. - hmm? ( groans ) that's happening now. america's most dependable 3g network. bringing you the first and only wireless 4g network. sprint. the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. >>> i'm christine tan. in asia, japan pulls out of its deepest recession in decades. >> in europe, shares following asia's low with banks and commodity-related stocks the biggest losers. >> i'm bertha coombs. in the u.s., concerns about consumers pulling back spending as futures are sharply lower. >> let's take a check on the markets as we just did in the headlines. we have had a pretty negative session across asia and then here in super as well. as the trading got under way here. ftse global 300 index illustrates that, down by 1.4% at this stage. just coming off the lows of the session, not by very much. european bosses have seemed to deteriorate as the morning has gone on. looking at declines of over 1.5%. the cac in paris. we are looking at a weak session for the ftse and the dak and sm switzerland. all down bet
CNBC
Aug 18, 2009 4:00am EDT
account grow because keep the change from bank of america rounds up every debit card purchase to the next dollar and transfers the difference from your checking to savings account. it's one of the many ways we make saving money in tough times a whole lot easier. >>> all right. let's get a look at the u.s. trading day lady. from bell curve trading, joining us since the bottom of the hour, we're going to save the talk on the red sox for a moment. we're going to get housing starts. folks seem to be excited that they're expecting a boost in housing starts. but don't we really want housing starts to stay flat so that we can work off the inventory? why is that good news? >> i think abdomen bertha, any sign of life in housing is good news. as i said earlier, i think the two things really have to come into play here for us to be able to save in terms of the economy, housing has to stabilize and i think the labor market has to stabilize opinion you know, we'll see. i mean, obviously, the lower starts, you keep the inventory down, but in my opinion, any sign of life here is a plus. so, you know, we
CNBC
Aug 5, 2009 4:00am EDT
, when you have to spend, shopping online can help save. doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailer with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. welcome to the now network. right now five co-workers are working from the road using a mifi a mobile hotspot that provides up to five shared wifi connections. two are downloading the final final revised final presentation. - one just got an e-mail. - what?! - huh? - it's being revised again. the co-pilot is on mapquest. - ( rock music playing ) - and tom is streaming meeting psych-up music from meltedmetal.com. that's happening now with the new mifi from sprint, the mobile hotspot that fits in your pocket. sprint. the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. asia, i'm christine tan. thanks f
CNBC
Aug 25, 2009 4:00am EDT
of the top stories we're watching from around the world. bank of america and the s.e.c. are defending their proposed $33 million settlement over executive bonuses paid out by merrill lynch. a judge has held off approving the settlement. b of a says investors should have known about $3.6 billion in bonuses giving the media attention. merrill disclosed the size of its bonus pool in an earnings report last year. the s.e.c. says the fine fully takes into account the seriousness of the bank's conduct. in europe this morning, bank of america shares are down 1%. >>> citigroup says it substantially boosted efforts to modify mortgages in recent weeks. the move comes in response to the treasury department's callout to speed the process and stem the tide of foreclose yurss. in a report out today, citi says it helped 108,000 homeowners modified their loans in the first quarter. citi says most changes have come by reducing interest rates or extending payment periods. and a federal appeals court says allan stanford must stay in jail until his fraud trial. stanford, accused of running ads 7 billion
Search Results 0 to 19 of about 20